Forex Analysis

CAD Mid-day Analysis

Declining commodity prices, ongoing strength in the US Dollar and

While the Pound is showing some recovery action to

Regional PMIs stay surprisingly strong in November Fitch affirms Hungary’s sovereign ratings.

With the exception of the EUR, the USD has appreciated across the board.

In Europe focus will be on the manufacturing PMIs for November.

German bond yields ended Friday largely flat, but US Treasuries rallied in earnest.

The Big Picture presents our view of the global economy and outlook for US, euro area, Japan and China.

Month-end related flow saw EUR/GBP recover off European session lows of stg0.7913 to stg0.7970 on Friday.

The pair started this morning and $0.8496 but fell to around $0.8466/69 in very early trading to start the new week.

It’s been a quiet morning for the euro today with a lot of the day’s attention so far focused on oil and

The pair opened at Y118.76 this morning after it marked a high of Y118.78 during Friday’s US trading session.

The past two weeks have seen NZD/USD rangebound with a slight downward drift.